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broker's frauds

Discussion in 'General Forex Talk' started by igorj, Oct 22, 2012.

  1. igorj

    igorj Private

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    I want to be sure, that I have chosen a certain broker,that I will trade in the real market Forex, instead of in the virtual market created by the broker where the trader plays for money with the broker. Many dealing centers which only create Forex market is only an illusion. So many broker companies can manipulate a situation in the market in the virtual environment up to quotations.
     
  2. iNUKE

    iNUKE Recruit

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    Some do, theyre called market makers where the data you get can slightly be different from the real one by say 5pips in some candles.
    Thats why theres STP brokers and ECN accounts.

    You can also have many demo accounts mt4 platforms opened from different brokers and compare the data.

    But just to let you know, tradersway are scammers, they say theyre ECN however their liquidity providers do the dirty job for them.
     
  3. igorj

    igorj Private

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    okay. thank you. i should look for STP brokers to be more sure about my job
     
  4. Aesop02

    Aesop02 Private, 1st Class

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    Just open up plenty of demo accounts and play around, you'll find one that suits your needs. Just be sure to check out all aspects of the broker before dumping money into their coffers, e.g ring support and ask a few questions, see if they're helpful and answer them for you.
     
  5. igorj

    igorj Private

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    thanks. Do you know brokers which you can recommend?
     
  6. Pharaoh

    Pharaoh Colonel

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  7. igorj

    igorj Private

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  8. RahmanSL

    RahmanSL Major

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    ..hmmmmm...simply point and click on "So, are there any brokers anyone likes?" (on that Son-of-Ra'a - Pharaoh's post) and that should take you directly to that thread.
     

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